The Sale of Shoppes at Hamilton – May 2016

The Sale of Shoppes at Hamilton – May 2016

Crimson Capital is pleased to announce the sale of a portion of the Shoppes at Hamilton (Hamilton Crimson, LLC) located in Hamilton, OH. Crimson was able to execute a highly-structured transaction whereby a 1031 exchange buyer was willing to bifurcate the shopping center into both fee and leasehold assets. The buyer acquired the entire fee portion of the real estate, inclusive of the Kroger Lease, while Crimson was able to retain a leasehold interest in the 13,843 square feet of small shop space free and clear of a pending loan maturity, allowing us to maximize the value of our equity going forward.